The pound is benefitting from the euro’s weakness this morning, although manufacturing figures later this morning could put pressure on this uptick. Optimism also grew yesterday following Boris Johnson’s statement that the UK is past the peak of the coronavirus pandemic, although uncertainty remains over how long lockdown will continue.
Asked about easing of measures, Boris Johnson said that patience will be needed, arguing ‘…we have to calibrate our measures so carefully, making sure not only to unlock the economy gradually, but to find ways of continuing to suppress the disease.’
